Singapore-based Rainforest posts 9x jump in 2022 revenue
Singapore-based e-commerce aggregator Rainforest has reported a 9x jump in 2022 revenue, reaching US$37.5 million from US$4.2 million in the…
TikTok Shop officially closes in Indonesia tomorrow
TikTok Shop, the social commerce platform owned by TikTok, will officially close in Indonesia tomorrow, October 4, 2023. This comes…
Singapore launches $15m cybersecurity center to boost economy
Singapore launches $15m cybersecurity center to boost economy Singapore has launched a $15 million cybersecurity center to boost the country’s…
Co-founder of short film platform Viddsee steps down
Derek Tan, the co-founder of Viddsee, a Singapore-based short film platform, has stepped down from his executive role as the…
Fitch maintains A+ rating for Tencent, expects ‘steady’ revenue growth
Fitch Ratings has affirmed Tencent’s A+ issuer default rating (IDR) and senior unsecured rating with a stable outlook, expecting “steady”…
Microsoft Mulled Selling Bing Search Engine to Apple
Microsoft reportedly considered selling its Bing search engine to Apple in 2020, according to people with knowledge of the matter…
Temasek-owned True Light secures $3.3b to invest in Greater China
Temasek-owned True Light secures $3.3b to invest in Greater China True Light, a subsidiary of the Singaporean sovereign wealth fund…
SG Consumer Spending Fuels CapCut’s Rise in Southeast Asia
SG Consumer Spending Fuels CapCut’s Rise in Southeast Asia CapCut, a video editing app developed by Chinese tech company Bytedance,…
X CEO eyes profitability by 2024 amid increasing user engagement
X CEO eyes profitability by 2024 amid increasing user engagement X Corporation, a prominent player in the tech industry, is…
Indonesia sets one-week deadline for TikTok Shop to become standalone app
Indonesia sets one-week deadline for TikTok Shop to become standalone app Indonesia Sets One-Week Deadline for TikTok Shop to Become…